The Real Success Comes Through Education

INTEREST CALCULATION INTEREST CALCULATION Interest calculation  is the mode of charge interest on whole or outstanding balance. There are two types of interest calculation:-              1)     Simple Interest Calculation              2)     Compound Interest Calculation Simple Interest Calculation : -  Simple Interest Calculation, interest is charged on outstanding balance at the same rate of interest. It is also of two types:-            a)      Simple   Outstanding Interest Calculation            b)      Simple   Invoicing Interest Calculation Compound Interest Calculation : - in Compound Interest Calculation, interest is charged on whole instalment at different rate of interest. It is also of two types:-      ...

SCENARIO MANAGEMENT SCENARIO MANAGEMENT When we want to see the effect of our non - accounting voucher or profit and loss and balance sheet then we use after creating scenario we get a duplicate copy of our profit and loss and balance sheet. Example :- ABC company purchase a Computer for Rs. 25,000 on 1-Apr-2014 and the trader wants to know cost of Computer on 31-Mar-2015. He charges depreciation @ 10% on it. Maintain this transaction. To maintain :- Create a company and then activate  “budget & control and reversing journal & optional”  as follow:- To Activate   Budget & Control and Reversing Journal & Optional : - G.O.T. (Gateway of Tally)-->  Press F11 (Company Features) -->  Press F1 (Accounting Features). Now create scenario as follow:- Path for Scenario creation : - G.O.T. (Gateway of Tally) -->  Accounts Info -->  Scenario -->  Create. After that create...

ACTUAL AND BILLED ACTUAL AND BILLED It is used maintain all those transactions which are related with free item such as ‘buy one get one free’. Example :- Sony Pvt. Ltd. purchased 200 pieces of shirts for Rs. 40 per piece but bill payed only of 100 pieces of shirts. Maintain this transaction. To maintain :- Create a company and then activate actual & billed quantity as follow:- To activate actual & billed quantity : - G.O.T. (Gateway of Tally) -->  Press F11 ( Company  Features) -->  Press F2 (Inventory Features). After that, create stock master:- To Create Stock Group : - G.O.T. (Gateway of Tally) -->  Inventory Info -->  Stock Group -->  Create. To Create Stock Item : - G.O.T. (Gateway of Tally) -->  Inventory Info -->  Stock Item -->  Create. Now create ledger as follow:- Path for ledger creation : - G.O.T. (Gateway of Tally) -->  A...